Hy24

🤝 We are glad to reaffirm our support to Elyse Energy, a pioneering French company producing sustainable fuels and low-carbon feedstock. Elyse Energy secured c. EUR120 million euros from Hy24, PGGM, Bpifrance and Mirova to accelerate development of its #emethanol and sustainable aviation fuel production (#SAF) projects in France and Spain, addressing the growing demand for decarbonization solutions in the aviation, maritime and chemical sectors. ➡️ We are strengthening our commitment to Elyse Energy by acquiring a stake in the company through 'Clean Hydrogen Infrastructure Fund', a fund that serves as the reference partner for the most advanced #hydrogen project developers in France and worldwide. ➡️ This funding round will enable Elyse Energy to pursue the development of its most advanced projects - BioTJet, eM-Rhône and eM-Numancia - to final investment decision (FID), a prerequisite for launching construction, while consolidating and expanding its project portfolio. PRESS RELEASE: https://lnkd.in/e88DnHic 🇫🇷 Nous sommes ravis de réaffirmer notre soutien à la PME industrielle française Elyse Energy, pionnière dans la production de carburants durables et de matières premières bas-carbone. Elyse Energy sécurise près de 120 millions d’euros auprès de Hy24, PGGM, Bpifrance et Mirova. Ce financement stratégique permettra à Elyse Energy d’accélérer le développement de ses projets de production de e-méthanol et de carburants d'aviation durables en France et en Espagne, répondant ainsi aux besoins croissants de décarbonation dans les secteurs des transports aérien et maritime, et de la chimie. ➡️ Nous renforçons notre engagement auprès d’Elyse Energy en entrant au capital de l’entreprise à travers le « Clean Hydrogen Infrastructure Fund », fonds qui est le partenaire de référence des développeurs de projets hydrogène les plus avancés en France et dans le monde. COMMUNIQUE DE PRESSE : https://lnkd.in/edavc_29

Congratulations to our portfolio company H2 MOBILITY for partnering with Daimler Buses GmbH to provide #hydrogen refueling solutions for transportation companies. 👏 As part of the agreement, the bus manufacturer will broker the range of hydrogen tank services of H2 MOBILITY for buses 🚌 with hydrogen-based #fuelcells, enabling the use of public H2 filling stations and allowing bus operators to limit their investment and operating costs. 💬 “With this cooperation, we are creating optimal solutions for hydrogen mobility in local and long-distance passenger transport,” said Falk A.B. Schulte-Wintrop, Director Sales & Business Development at H2 MOBILITY. Read more: https://lnkd.in/gNAmFRPb

In early December, our Chief Investment Officer, Amir Sharifi, attended the 7th Annual One Planet Sovereign Wealth Funds Summit in Riyadh, hosted by the Public Investment Fund (PIF). Following COP29, the event brought together more than 140 leaders, including CEOs, representatives of the world’s largest sovereign wealth funds, and prominent political figures. French President Emmanuel Macron and His Excellency Yasir Al Rumayyan, Governor of the Public Investment Fund of Saudi Arabia, participated in this high-level dialogue, which focused on the critical role of long-term investment in addressing climate challenges.   Amir Sharifi shared an update of OPSWF Hydrogen Workstream’s working groups' advancements and prerequisites for unlocking clean hydrogen's potential in the global energy transition. The working group, co-led by PIF, comprises includes Ardian and Hy24, alongside, Masdar (Abu Dhabi Future Energy Company), Mubadala and the Egyptian and Greek sovereign funds, in partnership with the Hydrogen Council.   His address focused on three key points:    ➡️ Clear and Stable Incentives Policy must reward the socio-economic benefits clean hydrogen offers—climate change mitigation, energy security, and sustainable growth—until the industry scales up. Key tools include: CO2 Pricing (e.g., ETS), Mandate & Quotas (e.g., Renewable Energy Directive, RefuelEU Aviation, FuelsEU Maritime), Contract-for-Difference schemes (e.g., H2 Global, Japan's CfD), Tax Incentives/Credits (e.g., IRA, H2 Bank, Australia's tax credit initiatives)   ➡️ Infrastructure Development Collaboration between exporting and importing regions is essential to deploy interregional infrastructure—pipelines, port facilities, shipping corridors, and terminals. Policies must de-risk investments for both retrofitted and newly built infrastructure to ensure smooth trade flows.   ➡️ Certifications Clean hydrogen trade hinges on robust, harmonized certification schemes to ensure trust in environmental attributes like GHG savings and renewable energy content. While initiatives like EU Voluntary RFNBO schemes and ISO standards on GHG accounting are a good start, more work is needed to establish a global market built on mutual trust.   This vision will be further explored in the OPSWF Framework companion document 2024 https://lnkd.in/e_RyQRUz   Alexandru Floristean, Pierre-Etienne Franc, Nicolas Brahy, Pierre Jeremie, Francois-Aïssa Touazi, Thierry Caboche, Guillaume Cravero, Florian Merz, Daria Nochevnik , Shashi Prakash, Ghadeer Ashram, Derek Rozycki, Roland Buerk, Carlos Quintas Gaitán, Noha Khalil, Mohamed Sherien, Lawrence Yanovitch, Sikama Makany #Hydrogen #Policy #EnergyTransition #CleanEnergy #Sustainability

Sunset at Stegra’s flagship green steel project in Boden, Northern Sweden where groundwork is currently underway. The Swedish company, backed by Hy24 via its #CleanH2 Infra Fund, is aiming to build the world’s first large-scale hashtag #greensteel plant, with plans to produce 5 millions tons/year by the end of the decade. Using #hydrogen instead of traditional blast furnace technology could help cut emissions of the total process by 95% 📉 — a crucial aspect as steelmaking is still responsible for more than 2.6 billion metric tons of CO2 emissions annually. Read more: https://lnkd.in/eikaCKDn

🚀 This month, we held our quarterly Hy24 Expert Committee meeting, bringing together industrial LPs of for insightful discussions on the latest advancements in hydrogen.   The session kicked off with updates from Pierre-Etienne Franc, CEO of Hy24, and Laurent Fayollas, President of Hy24. They shared their views about: ➡️ What we read in the news versus the reality check with a great dynamic for most advanced projects ➡️ The launch of hydrogen pipeline construction in Germany ➡️ The EU Innovation Fund supporting 26 projects focused on hydrogen technologies ➡️ Growing momentum in China and the Middle East for hydrogen projects and manufacturing technologies   Together with Alejandro Perellón, Head of Hy24’s USA office, we also explored the potential impact of the elected US Administration on the future of the US hydrogen market. See also Pierre-Etienne’s oped on this topic: https://lnkd.in/eStNyEWt   We also had the privilege of hearing from guest speakers: 🔹 Sandrine MEUNIER, CEO of GRTgaz, shared the Group’s strategic vision from regional hubs to an integrated pan-European hydrogen network aimed at ensuring affordable energy supply, enhancing Europe's energy security, and facilitating the integration of renewable energy sources. 🔹 Markus Exenberger, Co-Founder of H2Global Stiftung, outlined how the H2Global mechanism is driving market creation for clean hydrogen and low-emission fuels, with €5.83bn already committed for H2Global tenders.   The energy transition is continuing with hydrogen projects on-going globally. Raphaëlle Eytan, Matthieu Hurson, Ella Carmi #Hydrogen #CleanEnergy #EnergyTransition #HydrogenInfrastructure

💬 “Low-carbon energies such as hydrogen and its derivatives present an opportunity for Europe to regain its energy security and sovereignty.” Pierre-Etienne Franc discusses with Bloomberg Hy24’s latest investment into pioneering French company Elyse Energy, via its “Clean Hydrogen Infrastructure Fund.” The clean-tech startup has raised about €120 million to accelerate its plans to produce #emethanol and sustainable aviation fuel production (#SAF) in 🇫🇷 France and 🇪🇸 Spain. Such projects are key to answer the growing demand for #decarbonization solutions in the aviation, maritime and chemical sectors. But the EU also needs to do more to support “manufacturers and industrial users with incentives to use clean #hydrogen,” says Hy24’s CEO. ⤵️ More details in this article by Francois De Beaupuy: https://lnkd.in/ee4n-QmN

🇪🇺 L’Union Européenne doit être « simple, rapide et efficace » en matière de politique industrielle et énergétique, notamment en ce qui concerne l’#hydrogène. Il en va de sa sécurité énergétique et de ses ambitions climatiques. C’est le message de Pierre-Etienne Franc, qui, dans cet article pour Le Grand Continent, dresse une liste de 7️⃣ pistes pour améliorer les politiques européennes esquissées dans la précédente mandature : de la sortie progressive de la production d’hydrogène fossile à la mise en œuvre d’une politique monétaire tenant compte du climat. Comme le souligne le Directeur Général d’Hy24, l’urgence géopolitique actuelle requiert une accélération ⏩ de la mise en œuvre de toutes ces actions en faveur des énergies renouvelables : 💬 « L’Europe n’a plus le temps de la sophistication et n’a plus les moyens d’être conciliante avec les forces économiques en présence. » ⤵️ Pour découvrir en détail les 7 propositions de Pierre-Etienne Franc dans la revue du Groupe d'études géopolitiques : https://lnkd.in/eSgDvACU

🌍 The #COP29 ended with some advancement for the global #hydrogen sector. The Hydrogen Council used the event to mobilize a group of industry leaders from around the globe to call on governments to further boost their support for hydrogen. The results are promising, with the endorsement of a dedicated Hydrogen Declaration that includes a set of key enablers for H2 deployment. ✅ ➡️ Such mobilization is key as more efforts from all players are needed to build a strong hydrogen economy in the long term and a more sustainable future. ➡️ As the Hydrogen Council notes, these benefits include an abatement of 60-80 gigatons of CO2 and the creation of some 25 million high-quality jobs worldwide by 2050. Read more: https://lnkd.in/euKW8ZSu

We came back from London with three IJGlobal Awards! Our Head of Investment, Sebastien Paillat, attended the award ceremony and brought home three amazing recognitions for Hy24: ➡️ Transport Acquisition of the Year (Europe) for our investment in HYSETCO ➡️ Market Impact Award (Europe) for our investment in Stegra ➡️ Market Innovation of the Year   HysetCo has built an integrated solution combining hydrogen stations with low carbon fleets including hydrogen-powered taxis and light-duty vehicles, bringing low-carbon mobility to the Paris region. Stegra is building a green steel plant in northern Sweden, showing that Europe can lead the way in decarbonizing tough industries like steelmaking while creating new opportunities for the economy. Shout-out to Arup and DC Advisory who won awards as well. These awards are for the entire Hy24 team, recognizing their hard work and ability to spot great opportunities, manage investments effectively, and support our portfolio companies. These awards also shine a light on the efforts of the entrepreneurs and founders behind these projects. Their dedication drives their teams to tackle projects that contribute to Europe's decarbonization efforts.   We also want to thank and acknowledge our co-investors, partners and advisors who contributed to these achievements.   Now, as we say in French, “Gardons le cap!” Let’s keep pushing forward and building on this success.

⏰ Les projets de production d'#hydrogène vert prennent du retard, menaçant par conséquent la montée en puissance des premières gigafactories des fabricants d'électrolyseurs... ⏸️ Un retard dû notamment aux soutiens publics affaiblis par des restrictions budgétaires et aux prix trop élevés, qui empêchent la demande de décoller. En France, les mesures de soutien annoncées tardent à se matérialiser. Un contexte qui va forcer les acteurs à s’adapter mais pourra aussi créer des opportunités. 💬 « Il y a plus de fabricants que de demande aujourd'hui, le marché doit se consolider, pour que les acteurs génèrent plus de revenus, de marges », souligne Pierre-Etienne Franc, Directeur Général de Hy24. Et d'ajouter que ce type de période peut « rendre les meilleurs encore plus forts », à condition d’adopter une stratégie qui dépasse les frontières de l’Europe. ⤵️ Plus de détails dans l’article de Les Echos signé Nicolas Rauline : https://lnkd.in/dWSnpBGk